ONE Properties continues to invest in Calgary with high rise development

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This city continues to attract investment, especially in the development sector, as evidenced by the number of high-rise apartment buildings in the central and Beltline neighborhoods.

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Trust from companies like ONE Properties bodes well for downtown businesses that need an influx of clients, as well as employers who see the benefit of staff being able to walk to the office. or by bike.

From his head office in Edmonton, President and CEO Darren Durstling is optimistic about Calgary’s multi-family residential market. In 2017, in partnership with AIMCo, the company opened Versus, its first high-rise residential towers offering here 444 units out of 10 e Avenue SW And he is confident in the success of ONE Properties’ BLVD Beltline complex under construction on Macleod Trail at 12 e Avenue SE

It is in a perfect location which is walking distance to the city center, 17 e Avenue and Victoria LRT station.

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The two towers that make up Phase 1 rise 34 and 37 stories across from the Stampede grounds, offering a total of 651 units above 16,500 square feet of retail space along 12 e and 13 e avenues. It is an ideal location for a unique restaurant serving residents and the surrounding community.

Above the expansive lobby along Macleod Trail is a two-story fitness center, one of many stylish amenities that include a swimming pool, outdoor cinema, golf simulator, 35 e Sky Terrace floor, demonstration kitchen, bicycle storage room, washing and maintenance benches.

Residents were welcomed into the North Tower in November, the second will open this spring, and a third tower is planned which will add 280 more units to the complex.

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BLVD Beltline is the second major residential development here by ONE Properties, but the company has been investing in this city’s real estate market for many years.

Durstling underlines the company’s successful initial focus on industrial parks, which include Great Plains at over one million square feet and Stoney Industrial Park at over 2.3 million square feet. Its current primary development is the StoneGate Industrial Park at Country Hills Boulevard and Deerfoot Trail NE, serving the distribution and logistics industry as well as users of light manufacturing and commercial services.

To date, StoneGate has provided 1.6 million square feet of rental units and will market an additional 850,000 square feet of industrial racks this year.

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Adjacent to the industrial parks is StoneGate Landing, intended to be the largest AAA suburban business park of its kind in Western Canada.

ONE Properties was quick to see the potential for redevelopment of the former Sunnyside Greenhouse grounds at the intersection of 16 e Avenue and Sarcee Trail NO

It is a large site encompassing a total of 15.2 acres on both sides of 69 e Street, with the Bow River Mall of the Phase 1 development scheduled to open in June.

Located in the vibrant, family and community-oriented neighborhood of Bowness, its excellent visibility and frontage attracted an 86,000 square foot Real Canadian Superstore as a primary tenant and a separate liquor store divided by a Dollarama. On the other side of the parking lot, a residential complex is planned to offer 400 units.

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Phase 2 will add an additional 40,000 square feet in 2023.

Durstling has a lot to do in Calgary and plans to invest more with its AIMCo partners to redevelop the Metro Ford site on the 9th. e Avenue SO

ONE Properties has thrived well under Durstling’s leadership over the past 10 years with many major projects in its portfolio. They include the ICE District condominium in Edmonton, a number of mixed-use residential / commercial developments in Toronto and over three million square feet of industrial space in the Greater Toronto Area.

Since its incorporation in 1987, ONE Properties has developed or developed 48 million square feet of real estate. And we’re pleased that she continues to invest in Calgary.

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Remarks:

The Glenbow Museum – undergoing renovations slated for completion in 2024 – is opening a new satellite exhibit space in the Edison Office Tower across from the Fairmont Palliser on the corner of 9 e Avenue and 1 st Street SW “We’re reallocating unused office space where we can connect in person with Calgarians and continue to share artistic and cultural experiences – and with free entry throughout 2022,” said the president and chief executive officer. direction, Nicholas Bell.

David Parker appears regularly in the Herald. Read his columns online at calgaryherald.com/business. He can be reached at 403-830-4622 or by email at info@davidparker.ca.

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